Asian black market - not a hindrance for large companies

13 November 2018

Representatives of Playtech - the largest provider of technology for gambling, registered in the UK - said that the company's targets for 2018 remain within the predicted limits, despite Asian “gray” and “black” market segments.

Recently, Playtech has published an update on the state of the market, covering the period after June 30. It was reported that its performance "meets expectations." The financial forecast was made in August after the publication of the income statement for the first half of 2018. The company claims that annual income is likely to be from € 320 million to € 360 million.

Earlier in the report for the first quarter, the company reported a 15% decrease in profits due to unsatisfactory market conditions in Asia. Playtech experts emphasized that increased competition in the gray and black markets of Asia was “significantly lower” than expected. Now Playtech claims that its revenues in the Asian region have "stabilized" and amounted to € 150 million.

Playtech’s Asian operations received a boost last month. Then Philippine Amusement and Gaming Corporation (PAGCOR) announced that its subsidiary Playtech is the only technology provider for casino games with RNG and has been approved to provide online gaming with licensees.

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